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Hewlett-Packard Company (NYSE: HPQ) Investor Securities Class Action Lawsuit 08/03/2012

  • If you purchased shares of Hewlett-Packard Company (NYSE: HPQ), you might have certain options and should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

Case Dismissed
Company
Hewlett-Packard Company
Security
NYSE: HPQ

Case Name
Hewlett-Packard Company Shareholder Class Action Lawsuit 08/03/2012
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Northern District of California

Class Period Begin
Class Period End
Deadline To File for Lead
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Summary

January 19, 2017 - The U.S. Court of Appeals for the Ninth Circuit affirmed the district courts decision.
July 25, 2014 - The lead plaintiff filed a notice of appeal.

June 25, 2014 - The court granted the defendants' motion to dismiss without leave to amend.

September 9, 2013 - The lead plaintiff filed a second amended complaint.

August 9, 2013 - The court granted the defendants' motion to dismiss with leave to amend.

December 24, 2012 - The lead plaintiff filed an amended complaint.

November 9, 2012 - The lead plaintiff and lead counsel were appointed.

October 16, 2012 - A lead plaintiff motion was filed.

August 3, 2012 - An investor in shares of Hewlett-Packard Company (NYSE: HPQ) filed a lawsuit in the U.S. District Court for the Northern District of California against Hewlett-Packard Company over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between November 13, 2007 and August 6, 2010.

According to the complaint the plaintiff alleges on behalf of purchasers of Hewlett-Packard Company (NYSE: HPQ) common stock during the period between November 13, 2007 and August 6, 2010, and held those shares as of the close of trading on August 6, 2010. The plaintiff claims that prior to and throughout this time, Defendants issued statements regarding ethical standards with which Hewlett-Packard Company employees and officers needed to comply. Hewlett-Packard Company issued a Standards of Business Conduct Brochure (SBC) in 2006, May 2008 and June 2010.

According to the complaint throughout this time, Hewlett-Packard Company made statements that were false and misleading due to their failure to disclose knowing violations by CEO Mark Hurd of Hewlett-Packard Company's Standards of Business Conduct. The plaintiff alleges that on August 6, 2010, Hewlett-Packard Company disclosed Hurd's violations and the fact that Hurd resigned as a result. These disclosures caused Hewlett-Packard Company's stock price to decline so the complaint.